General Mills, Inc. (GIS) Testing Investors’ Patience Right Now

Currently, there are 586.60M common shares owned by the public and among those 566.03M shares have been available to trade.

Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 447,340 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 222,046 shares.

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However, the script later moved the day high at 65.34, up 2.05%. The company’s stock has a 5-day price change of -0.80% and -1.38% over the past three months. GIS shares are trading -0.48% year to date (YTD), with the 12-month market performance down to -14.11% lower. It has a 12-month low price of $60.33 and touched a high of $90.89 over the same period. GIS has an average intraday trading volume of 4.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.36%, 0.17%, and -9.45% respectively.

Institutional ownership of General Mills, Inc. (NYSE: GIS) shares accounts for 79.54% of the company’s 586.60M shares outstanding.

It has a market capitalization of $36.82B and a beta (3y monthly) value of 0.14. The stock’s trailing 12-month PE ratio is 15.77, while the earnings-per-share (ttm) stands at $4.11. The company has a PEG of 2.19 and a Quick Ratio of 0.36 with the debt-to-equity ratio at 1.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.09% over the week and 1.65% over the month.

Analysts forecast that General Mills, Inc. (GIS) will achieve an EPS of $Goldman Sachs Group, Inc. (The) for the current quarter, $384.99 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Genius Group Limited while analysts give the company a high EPS estimate of $General Mills, Inc.. Comparatively, EPS for the current quarter was $GlobalFoundries Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 4.47%, and 3.47% over the next financial year. EPS should grow at an annualized rate of 7.21% over the next five years, compared to 3.46% over the past 5-year period.

Looking at the support for the GIS, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on February 01, 2024, with the firm’s price target at $67.

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